Category Archives: Macro Economics

When is Inflation a Problem?

Financial FAQs Does it seem like the price of everything is rising these days—particularly food and gas prices? It really depends on who you talk to, and this is reviving the age-old debate between deficit hawks and doves. The old … Continue reading

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Productivity Soaring–Where Are the Jobs?

Financial FAQs In spite of Mideast unrest (when was it restful?), and the massive snow job hitting most of the U.S. (the biggest storm of the century?) the output of goods and services continues to improve. Businesses through the fourth … Continue reading

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How Do We Boost Economic Growth?

Popular Economics Weekly There is a tremendous misunderstanding of how to boost economic growth, and this is hurting the recovery. Conservative politicians want to cut taxes and government services, while progressives want to use government to boost growth. Yet it … Continue reading

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Which Deficit is Most Important?

Popular Economics Weekly All the talk of budget deficits really focuses on the wrong deficit. It is the output deficit of goods and services lost because of the Great Recession that is most important, not the state and federal budget … Continue reading

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Redistributing Great Wealth (is) The Path to Recovery

Popular Economics Weekly We are in the deepest economic malaise since the Great Depression. And there is a good reason for it. We also have the greatest maldistribution of wealth since 1928. Researchers are finding that the two—the greatest inequality … Continue reading

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The Fed Has Two Mandates—Growth + Price Stability

Financial FAQs Why has there been so much debate over the Fed’s monetary policy of so-called Quantitative Easing? The simplest answer is that it pits those countries and ideologies that see the world as a zero-sum game—the I Win, You … Continue reading

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What is the ‘New Normal’?

Popular Economics Weekly There has been much talk of late about the “new normal” of slower economic growth that we may see in coming decades. It is defined by bond trader PIMCO’s Bill Gross as what he calls declining global … Continue reading

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Is Pent-up Demand Growing?

Financial FAQs We are now hearing that pent up demand is growing as the economic recovery takes its time. What is it, and what would it mean for an earlier recovery? Fed Chairman Bernanke mentioned that ‘demand’ could grow in … Continue reading

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Why Does The Fed Hesitate?

Popular Economics Weekly Fed Chairman Ben Bernanke just gave his semi-annual report to Congress, and it looks like Bernanke and his Federal Reserve Governors continue to be cautious in advocating more stimulus.  He said that the Fed had more ways … Continue reading

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Jobs, Jobs, and more Jobs Needed

Financial FAQs Three new Federal Reserve Governors are up for confirmation that would fill out the Federal Reserve Board of Governors for the first time in years. And what are they saying? Surprise, surprise: “Fed Nominees Stress Job Creation,” was … Continue reading

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